It’s official: I-93 service center plan OK’d for Hooksett
The Common Man’s Alex Ray or Granite State Hospitality LLC will lease the land for 35 years to construct single buildings on each side of the highway.
The buildings will have a “New Hampshire mill building architectural style” according to the Department of Transportation. Construction is slated to begin in October. The northbound state liquor store is to be completed by November 2014; the southbound by March 2015.
The lease includes two five-year options at the state’s discretion. The state will receive a minimum of $23.23 million over the 35 years of the lease and a portion of concession and gas sales that could bring the total to more than $39 million.
The capital planning committee delayed approving the plan two weeks ago when Department of Transportation officials on the advice of the Attorney General’s Office said they could not release the name of the winning bidder because the developer’s lender was reviewing the lease.
The council’s next meeting is June 5.
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Where is Shaheen? Hiding from you
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